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To: parsifal

Now assume that money gets divided in $50,000 increments among workers. How many workers will get a good salary?

Nice sounding and totally absurd assumption.  If the wealthy leave, where are you going to find the money to split up?  If I were a billionaire (I wish) and own several businesses where I pay the salaries of 20,000 people, what do you think will happen to the salaries of those 20,000 people if I move those businesses to another country?  It doesn't take a brain surgeon to realize that those salaries will move offshore, as well.

For a little while, you might be able to find some other wealthy person to buy the physical assets and reopen some of the businesses under a new name and hire some of the people back.  But, since that person will be faced with higher and higher taxes and a wealth of unemployed workers, the salaries will be lower.  And, as more and more wealth leaves, it will be harder and harder to find wealthy people to fund such salvage operations.  If it keeps up, all those illegal immigrants from Mexico may go home willingly, in order to make more money.  That's admittedly, a bit of a stretch.  But, when the big money leaves a country, all that is left behind is poverty.

Of course, since that would leave our lawmakers in the position of the only people in the country with any money and power, they probably don't see that as a negative.

 

31 posted on 07/05/2002 10:00:19 PM PDT by Action-America
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To: Action-America
Then the billionaire will pay the 20,000 Zambonians in US Dollars. The Zambonians will either keep the loot in Zambonia, thus lowering our money supply and increasing the value of the dollars that you and I have, or the Zambonians will send it back to the US where it will still fuel our economy.

Think about it. All the arguments that the lazy-unfaire make in favor of "free trade" still work if the "object" being sent offshore is a billionaire instead of a prodcut or a job. The net gain we experience, is we get rid of a probable billionaire parasite. parsy.
33 posted on 07/05/2002 10:05:43 PM PDT by parsifal
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